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Announced

Completed

Liberty Oilfield Services completed the acquisition of PropX for $90m.

Financials

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Transaction Value£65m
Consideration TypeOrdinary Shares, Cash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Completed

Friendly

Oil Equipment and Services

Acquisition

oil and energy

Majority

oilfield services

Single Bidder

United States

Domestic

Synopsis

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Liberty Oilfield Services, a North American oilfield services firm, completed the acquisition of PropX, a provider of proppant delivery equipment, logistics and software solutions, for $90m. "The transaction positions Liberty as an integrated provider of completion services with proppant, equipment, logistics and integrated software that will improve Liberty's operational and logistics efficiency. We also expect the leading-edge wet sand handling technology to reduce the environmental impact and cost of completions for Liberty's frac customers and the industry," Liberty.

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